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THC Biomed Intl Ltd C.THC

Alternate Symbol(s):  THCBF

THC Biomed Intl Ltd. is a Canada-based cannabis producer. The Company’s principal business is the production and sale of cannabis through THC BioMed Ltd., which is a small batch Licensed Producer as regulated by the Cannabis Act which regulates the production, distribution, and possession of cannabis for both medical and adult recreational access in Canada. The Company’s biological assets consist of cannabis plants (mother plants and clones for growth); resin; oil; harvested marijuana flowers prior to completion of the drying, grading and testing processes; and edible concentrate. The Company operates in a single reportable segment being the cultivation and sale of cannabis. Its subsidiaries include THC BioMed Ltd., Clone Shipper Ltd., THC BioMed Victoria Falls Ltd., THC2GO Dispensaries Ltd. (THC2GO), and THC BioMed Lesotho Ltd. (THC Lesotho). Clone Shipper Ltd. owns all rights to the Clone Shipper product used to transport live plants.


CSE:THC - Post by User

Bullboard Posts
Comment by digger69on Oct 14, 2018 4:35pm
32 Views
Post# 28798090

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Middle Name on Forms

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Middle Name on FormsI see your points and I know the differences between Ltd, Incorporated and Unincorporated. These buildings in question are not open to the public, so not just anyone can cut their finger on Dili’s Dagger. It would have to be an employee cutting their finger and would most likely be covered under workers compensation. Apparently they don’t even give tours according to Droid!

So again, I fail to see any valid points in any of these conversations. It’s all a big distraction IMO. 

As Rambo stated, THC is doing everything right. Minimal dilution, virtually debt free, every license in hand and most importantly IMO not diluted to the big pigs!  That’s what you all don’t get I guess!

Whatever..doesn’t matter what we say..this board probably accounts for 1%-3% of total THC holdings anyway!  We’re all just a drop in the bucket hahah


DiligentSon wrote: Look at it this way...let's say I own a knife shop called "Diligent's Daggers". I am a sole proprietor and not incorporated. What that means is when a customer or staff member slices there finger off on one of my blades because I was negligent and didnt have them stored properly, well...I personally get sued, personally go bankrupt, and have to give handjobs on the corner to afford Kraft Dinner. Scenario 2, is that I own "Diligent's Daggers INC". The INC means I have incorporated and the business is it's own entity. So, now when someone slices their finger off, they sue the corporation, not me personally. The company goes bankrupt and I walk away unscathed, eating steak on the way to check out my new lease spot for Diligent's Daggers & Used Finger Parts INC". So, you can why an individual 2oild not want to assume the risk as a sole entity. Always safer to have assets in the Company name.
digger69 wrote: Thank you Diligent, after reading through it doesn’t seem to be anything out of the norm IMO. $2600/month is not a lot of money..particularly for renting commercial space..and they actually ate 25% of operating costs for the first while. To me this is a good thing, they thought ahead for space that was close to them...bought it personally and sold it to the business for a minimal amount. Again..nothing wrong with trying to think ahead!  

How is this a bad thing, maybe I’m missing something?


DiligentSon wrote: Page 11 of the June 26 MD&A, it is very clearly stated.
digger69 wrote: Proof please!! Otherwise it’s just rumours someone made up and here say. 

MODIFYLTD wrote:
I remember reading about the wife renting the lots back to thc I believe but cant pinpoint when it was said I tried to find it but couldnt. It would be a very easy way to turn company profits into personal cash without paying as much tax. At the end of the day that is what most private business owners want. To extract as much personal money out of the company. A little bit greasy for a public company to act in the same manner.

 

 

 




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